Is RXT a good stock to buy?
We came across a bullish thesis on Rackspace Technology, Inc. on r/smallstreetbets by lumbridge12
In this article, we will summarize the bulls’ thesis on RXT. Rackspace Technology, Inc.’s share was trading at $4.5100 as of June 8th. RXT’s forward P/E was 91.74 according to Yahoo Finance.
Copyright: welcomia / 123RF Stock Photo Rackspace Technology, Inc. operates as a hybrid cloud and artificial intelligence solutions company in the United States and internationally. RXT is emerging as a potentially overlooked beneficiary of the growing enterprise AI infrastructure market following its partnership announcement with Palantir Technologies. The company, which once traded near $26 per share before collapsing to below $0.50, has recently attracted renewed investor attention after Palantir selected Rackspace to support deployment of its Artificial Intelligence Platform (AIP) on Rackspace’s infrastructure. 15 AI Stocks That Are Quietly Making Investors Rich Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential The partnership is notable because Rackspace operates in a highly competitive cloud environment alongside hyperscalers such as Amazon Web Services, Microsoft Azure, and Google Cloud, yet still secured a strategic role due to its expertise in hybrid and private cloud infrastructure, AI governance, and enterprise consulting.